All Forum Posts by: Cade Olof

Thank you both for your replies. I will take both into consideration moving forward. Joseph, is there a platform you use to actually make and send the mailers? If you could go into more detail I would appreciate it! @Joseph Firmin

Hello to all fellow BPer's! I hope everyone is doing well and staying safe.

I wanted to create a post specifically about off market deals. Is this a system you have used before? How did you go about creating this system to find those off market deals? Do you find that off market deals become more profitable then traditional listings?

The reason I ask is because I am finding that all my ON market properties are way overpriced and would be a waste of time if I was to submit offers 100k less than asking (100k less than asking is an example of a duplex I just researched). I am still looking for my first property and would love to hear yall's stories on how you utilized off market deals and the systems you've created to help you find them.

Let me know if you are located in the Tucson area, I'd love to network. 

Any and all comments are welcomed! Thanks for taking the time to comment and share.

Yeah Jason! I just recently started reaching out to local investors in my city and it has already helped me tremendously. Especially if you can find an investor who is just one level ahead of you. This way they can make time for you, meet with you and guide you through your current deals. They most likely just went through the same scenario so, you can learn what would normally take months in just a few minutes. So far the real estate investing community has been nothing but a help. For anyone out there who might be nervous to meet with other investors I promise you are only hurting yourself. It is as easy as sending them a personal message through Bigger Pockets. Great forum post Jason!

Thanks everybody for the feedback it is greatly appreciated!

@Clementina Reynolds

Thanks Clementina for the feedback! I will definitely be looking into credit unions. Have you worked with any credit unions and if you have, which ones would you recommend?

@Tylor Billings

Thanks Tylor for your response!

Do the credit unions have portfolio lenders or are portfolio lenders separate from credit unions?

Which credit unions do you prefer?

How long do I need the checking and savings accounts before they would approve me for a loan?

Thanks again Tylor for the advice! Looks like your in Tucson maybe we can meet up and talk real estate!

Let me know.

I am currently looking for my first rental property. I am located in Tucson, AZ and looking to purchase a multi-family where I can house hack. I am looking to get a FHA loan because of the owner occupancy. I have shopped around with different mortgage brokers and want to find the best deal possible. One of my loopholes is that I have a healthy credit but it's young and I don't have a strong work history for the past 2 years. This may result in me getting a co-signer which is fine or having to go with maybe a hard money loan which I don't want to do. Has anyone been in the same situation and what did you do? Does anyone know of any lenders or financing institutions that can work with young buyers like me?

Any and all comments would help and benefit me greatly! Thanks.

@Tylor Billings

Wow Tylor that stinks man! Glad to hear it’s coming along and hope all goes well with the property!

@Colby Fryar

Super interested in this!!! Been looking for some meetups to meet local investors and see what they do and what I can learn as well as give! Let’s get a meetup going!!!!

@Nicole Holcomb

Thank you Nicole!!! I will be sure to research and find some other lenders!